Asia Renewables 2018 - Vietnam Renewable Power

17-19 Jan, 2018 - Ho Chi Minh City

Eastin Grand Hotel Saigon

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BCG, Hanwha plan 100MW solar power project in Southern Vietnam

Posted on : 16 Nov, 2017

Vietnam’s renewable energy sector is witnessing several new investments. Recently, BCG Băng Dương – a Vietnamese infrastructure company announced its partnership with South Korea’s conglomerate Hanwha Group to invest in a 100MW solar power plant. The facility expected to have an investment of approximately $100 million will be located at Thanh Hoa district in Long An province of southern Vietnam.

The partners say that the construction will commence in first quarter of 2018 with production of power expected in 2019.

The Long An solar plant, once operational, is anticipated to increase Vietnam’s power supply and help meet the country’s rapidly rising demand for electricity. The plant will also help mitigate climate change, provide environmental protection and sustainable socio-economic development.

Hanwha Group will help the project in terms of technology equipment, engineering and installation while also securing international funding for the solar project. On the other hand, BCG will be responsible for arranging capital sources, handling matters related to permits and study for the plant. In addition, BCG will also manage project implementation alongside negotiation and signing the EVN power purchase agreement.